QUITCLAIM DEED
State of Vermont
[// GUIDANCE: This template is drafted for conveyances of real property located in Vermont. Replace all bracketed text with deal-specific information and delete guidance comments before execution.]
TABLE OF CONTENTS
- Document Header
- Definitions
- Operative Provisions
- Disclaimer of Warranties
- Miscellaneous Provisions
- Execution Block & Notarial Acknowledgment
- Exhibit A – Legal Description of the Property
1. DOCUMENT HEADER
THIS QUITCLAIM DEED (this “Deed”) is made as of the ___ day of _, 20 (the “Effective Date”), by and between:
• [GRANTOR FULL LEGAL NAME], a [state and entity type OR “individual”], having an address at [GRANTOR ADDRESS] (“Grantor”); and
• [GRANTEE FULL LEGAL NAME], a [state and entity type OR “individual”], having an address at [GRANTEE ADDRESS] (“Grantee”).
RECITALS
A. Grantor is the owner of that certain parcel of real property situated in the [Town/City] of _, County of _, State of Vermont, more particularly described in Exhibit A attached hereto and made a part hereof (the “Property”).
B. Grantor desires to convey, and Grantee desires to accept, all right, title, and interest of Grantor in and to the Property for the consideration set forth herein, all on the terms and conditions of this Deed.
NOW, THEREFORE, in consideration of the sum of [CONSIDERATION AMOUNT IN WORDS ($[NUMERICAL AMOUNT])] and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Grantor and Grantee agree as follows:
2. DEFINITIONS
Capitalized terms used but not otherwise defined in this Deed have the meanings set forth below. Defined terms appear alphabetically.
2.1 “Effective Date” – See Document Header.
2.2 “Grantee” – See Document Header.
2.3 “Grantor” – See Document Header.
2.4 “Property” – The real property described in Exhibit A, together with all improvements and appurtenances thereto.
[// GUIDANCE: Add or delete defined terms as necessary.]
3. OPERATIVE PROVISIONS
3.1 Grant. Grantor hereby remise(s), release(s), and forever quitclaim(s) to Grantee, and to Grantee’s heirs, successors, and assigns, all right, title, interest, claim, and demand which Grantor has or may have in and to the Property, to have and to hold the same unto Grantee forever.
3.2 Consideration. The conveyance is made for the consideration described in the Recitals, the receipt of which Grantor acknowledges.
3.3 Possession & Taxes.
(a) Possession of the Property shall be delivered to Grantee as of the Effective Date, subject only to matters of record and those matters, if any, set forth in Exhibit A.
(b) As between the parties, real property taxes, utilities, and other periodic charges shall be prorated as of 11:59 p.m. on the day immediately preceding the Effective Date.
3.4 Transfer Tax Compliance.
(a) Pursuant to Vermont’s property transfer tax statutes, a properly completed Property Transfer Tax Return (“PTT Return”) must accompany this Deed when presented for recording, and the applicable transfer tax (if any) must be paid.
(b) [PARTY RESPONSIBLE FOR PREPARING PTT RETURN] shall prepare and file the PTT Return and pay any required tax at or prior to recording.
3.5 Recording; Return of Instrument.
(a) Following execution and acknowledgment, this Deed shall be promptly delivered to the town clerk of the town where the Property is located for recording in the land records.
(b) Upon recording, the clerk shall return the recorded original Deed to [RETURN ADDRESS OR “the Grantee at the address set forth above”].
3.6 No Warranties. This conveyance is without covenants of title or warranty of any kind, express or implied.
4. DISCLAIMER OF WARRANTIES
4.1 “AS IS” Conveyance. Grantee accepts the Property “AS IS, WHERE IS, WITH ALL FAULTS,” without representation or warranty, express or implied, of merchantability, fitness for a particular purpose, habitability, environmental condition, or any other matter.
4.2 No Reliance. Grantee acknowledges that Grantee has relied solely on Grantee’s own investigation and not on any statement or representation made by Grantor or its agents, except as expressly set forth in this Deed.
5. MISCELLANEOUS PROVISIONS
5.1 Governing Law; Venue. This Deed and any dispute arising hereunder shall be governed by and construed in accordance with the real property laws of the State of Vermont. The exclusive venue for any action concerning this Deed shall be the state courts sitting in the county where the Property is located.
5.2 Injunctive Relief. Nothing in this Deed shall preclude a party from seeking injunctive or equitable relief to protect its interests in the Property, provided that monetary damages are inadequate.
5.3 No Arbitration; No Jury Waiver. The parties expressly opt out of arbitration, and no contractual jury-trial waiver is provided herein.
5.4 Entire Agreement; Amendments. This Deed constitutes the entire agreement between the parties with respect to the conveyance of the Property and supersedes all prior agreements or understandings, whether oral or written. No amendment to this Deed shall be effective unless in a writing executed by Grantor and Grantee and recorded in the land records of the town where the Property is located.
5.5 Successors and Assigns. Subject to applicable law, this Deed shall bind and inure to the benefit of the parties and their respective heirs, personal representatives, successors, and assigns.
5.6 Counterparts; Electronic Signatures. This Deed may be executed in two or more counterparts, each of which shall be deemed an original and which, taken together, shall constitute one instrument. Signatures transmitted by electronic means (e.g., PDF, DocuSign) shall be deemed original signatures for all purposes, provided that at least one counterpart bearing original ink signatures shall be recorded.
6. EXECUTION BLOCK & NOTARIAL ACKNOWLEDGMENT
IN WITNESS WHEREOF, Grantor has executed this Quitclaim Deed as of the Effective Date.
[SPACE FOR RECORDING STAMP]
RETURN TO:
[NAME]
[ADDRESS]
[EMAIL OR PHONE – optional]
GRANTOR:
[GRANTOR NAME]
Its: [Title, if entity]
STATE OF VERMONT
COUNTY OF __, SS.
On this ___ day of _, 20, before me, the undersigned notary public, personally appeared [GRANTOR NAME], [personally known to me OR proved to me through satisfactory evidence of identification], and acknowledged that (he/she/they) executed the foregoing Quitclaim Deed as (his/her/their) free act and deed for the purposes therein contained.
Notary Public
Print Name: ___
My Commission Expires: _____
[OPTIONAL – add additional signature lines and acknowledgments for multiple Grantors]
7. EXHIBIT A
LEGAL DESCRIPTION OF THE PROPERTY
[Insert full metes-and-bounds description, lot and block reference, or other legally sufficient description. If attaching a survey or other document, reference it here.]
[// GUIDANCE: RECORDING CHECKLIST (do not record)
1. Deed signed by Grantor (and Grantee if local practice requires).
2. Vermont-compliant notarial acknowledgment with notary seal.
3. Completed Property Transfer Tax Return (PTT-172 or successor form).
4. Applicable transfer tax payment (or exemption claimed).
5. Recording fee check payable to the town clerk.
6. Return address clearly stated on the deed.
7. Sufficient margins for clerk’s recording stamp (recommended 3" top margin on first page).]